From what I understand, in order to charge customers’ credit or debit cards, you need to use a payment processor like Paypal or Stripe. It seems like the fee for using this service is around (4% + $0.50) per transaction.
To get around this, you could make users link a bank account for ACH transfer or use crypto to circumvent this fee.
Specifically for my situation, I’m offering a B2C SaaS subscription service with plans around $5 or $10. The fees are pretty steep for these smaller monthly transactions, am I just forced to pay these fees if I want to take online payments?
For a broader audience: in your startup, how do you accept payments, who is the processor, and what fees are you paying?
You’re going to lose wayyyy more than 4-5% if you stop accepting credit cards and paypal, way more. I can’t stress how much your conversions will drop, I just can’t stress it enough.
You’re better off putting your offers at 5.99$ and 10.99$ than doing what you are suggesting.
ps: Are you really proposing ACH as a main online paiment method ?